Eaton Vance Enhanced Equity Income Fund Reports Earnings Results for the Fourth Quarter and Year Ended September 30, 2013
January 06, 2014 at 04:48 pm
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Eaton Vance Enhanced Equity Income Fund reported earnings results for the fourth quarter and year ended September 30, 2013. For the quarter, the company reported net investment income of $755,000 or $0.019 per common share compared to $912,000 or $0.023 per common share a year ago. Net realized and unrealized gains on investments were $25,232,000 or $0.643 per common share compared to $25,098,000 or $0.630 per common share a year ago. Net increase in net assets from operations was $25,987,000 or $0.662 per common share compared to $26,010,000 or $0.653 per common share a year ago.
For the year, the company reported net investment income of $4,695,000 or $0.119 per common share compared to $3,926,000 or $0.098 per common share a year ago. Net realized and unrealized gains on investments were $63,863,000 or $1.623 per common share compared to $98,229,000 or $2.460 per common share a year ago. Net increase in net assets from operations was $68,558,000 or $1.742 per common share compared to $102,155,000 or $2.558 per common share a year ago. Net asset value per share outstanding as at September 30, 2013 was $13.38 compared to $12.65 a year ago.
Eaton Vance Enhanced Equity Income Fund is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide current income, with a secondary objective of capital appreciation. The Fund may trade in financial instruments with off-balance sheet risk in the normal course of its investing activities. The Fund pursues its investment objectives by investing primarily in a portfolio of mid- and large-capitalization common stocks. Under normal market conditions, the Fund seeks to generate current earnings from option premiums by selling covered call options on a substantial portion of its portfolio securities. Under normal market conditions, the Fund invests at least 80% of its total assets in common stocks. The Fund invests in a range of sectors, including health care, industrial, communication services, information technology, utilities, consumer staples and others. Eaton Vance Management is the investment adviser and administrator of the Fund.
EATON VANCE ENHANCED EQUITY INCOME FUND 
